stablesdash
MetaMask USDmUSD$31.8M·
Noble DollarUSDN$7.1M·
KAST DollarUSDK$25.0M·
Startale USDUSDSC$4.5M·
Citrea USDctUSD$6.1M·
CASHCASH$117.6M·
USDHUSDH$21.4M·
XO CashXO$2.1M·
usualMusualM$63.5M·
Stable CoinSBC$11.4M·
Glo DollarUSDGLO$2.0M·
Pax DollarUSDP$40.6M·
USDatUSDat$90.2M·
Jupiter USDjupUSD$61.7M·
MegaUSDUSDM$304.4M·
MetaMask USDmUSD$31.8M·
Noble DollarUSDN$7.1M·
KAST DollarUSDK$25.0M·
Startale USDUSDSC$4.5M·
Citrea USDctUSD$6.1M·
CASHCASH$117.6M·
USDHUSDH$21.4M·
XO CashXO$2.1M·
usualMusualM$63.5M·
Stable CoinSBC$11.4M·
Glo DollarUSDGLO$2.0M·
Pax DollarUSDP$40.6M·
USDatUSDat$90.2M·
Jupiter USDjupUSD$61.7M·
MegaUSDUSDM$304.4M·

Tech Platforms

Technology platforms enabling white-label stablecoin issuance, ranked by total market cap.

Ethena

Ethena

2 stablecoins

#1
Market Cap$366.1M
Market Share46.4%
Issuers
EthenaEthena
Tokens
Jupiter USDjupUSD
MegaUSDUSDM
Chains
MegaETHSolana
M0

M0

8 stablecoins

#2
Market Cap$230.3M
Market Share29.2%
Issuers
BridgeBridge
MXONMXON
MoonPayMoonPay
SSaturn
Tokens
MetaMask USDmUSD
Noble DollarUSDN
KAST DollarUSDK
Startale USDUSDSC
Citrea USDctUSD
XO CashXO
usualMusualM
USDatUSDat
Chains
CitreaCosmosEthereumLineaNoble+2
Open Issuance

Open Issuance

2 stablecoins

#3
Market Cap$139.0M
Market Share17.6%
Issuers
BridgeBridge
Native MarketsNative Markets
Tokens
CASHCASH
USDHUSDH
Chains
HyperliquidSolana
Paxos

Paxos

1 stablecoin

#4
Market Cap$40.6M
Market Share5.1%
Issuers
PaxosPaxos
Tokens
Pax DollarUSDP
Chains
EthereumSolana
Brale

Brale

2 stablecoins

#5
Market Cap$13.5M
Market Share1.7%
Issuers
BraleBrale
Tokens
Stable CoinSBC
Glo DollarUSDGLO
Chains
ArbitrumBaseEthereum